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Yellow Free

FREE

Published: 21 September 2017

Current version: 8.5

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Overview
Reviews (55)
Comments (479)
What's new

Yellow Free

Name: Yellow Free
Rating: 4.178571 (28 reviews)
Author: Evgeniy Machok

4.18

Experts
Evgeniy Machok
Version: 8.5
Updated: 20 July 2021

Greetings!

My new products, trading signals and promos can be found here: https://www.mql5.com/en/users/alcad83

Add me to friends and get profit from Forex trading!

The free version of the Yellow Expert Advisor works based on short-term changes in the trend, creating the price "corridor" set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes.

Version of the Expert Advisor for MetaTrader5.

The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high.

Features of free version of Yellow EA:

Number of market entry points is limited.
Deposit load reduction by closing the previous position before opening a new one is disabled. Higher free margin requirements.
There is no possibility of manually opening positions.

Telegram: https://t.me/realforexrobots

Robots for night trading: Silent Master EA and Fair EA

StopLoss can be optionally set in parameters by user.

Yellow is intended for trading any currency pair on H1 timeframe.

Not martingale, not arbitrage.

Parameters

EAMagic - the magic number of the EA. Must have different values for every chart.
AutoLot - can be set to true or false. If true, the EA selects the initial lot size for trading depending on the balance value.
Lots - initial lot size is set by a user, if the value of AutoLot is false.
Risk - percentage of the deposit used for the automatic calculation of the lot.
MaxLotSize - maximal allowed trading lot. Change this parameter only if you really understand what you're doing.
DD - maximum allowed drawdown. If reached, all positions on the symbol will be closed. To continue trading on that symbol its EAMagic parameter must be changed.
CommentOfOrder - comment to orders. Can take any value.
TakeProfitInPoints - take profit in points.
StopLoss - stop loss value in points. If StopLoss=0, stop loss is not used in trading.
TrailingStop - trailing stop in points.
ZeroPositions - if true, the EA opens positions only if there are no other open positions on the trading account.
LotMult2way - lot multiplier for the next opened position.
AutoPriceCorridor - if "true", the EA automatically determines the MaxPriceCorridor parameter.
MaxPriceCorridor - value of the price corridor in points for Yellow to open positions, if AutoPriceCorridor=false.
PipsOfIncrement - expansion of the price corridor when exiting an unprofitable position.
StartHour - hour to start trading.
EndHour - hour to stop trading.
TradeOnFridays - can be set to true or false. If true, the EA will open trades on fridays.
SaveDeposit - if "true", the EA will close order series with minimal profit ignoring TakeProfitInPoints parameter.
SafeMode - if "false", built in trend filter will be turned OFF. In that case it's recommended to use TrailingStop.
QuotesMult - multiplier for parameters, depending on the number of digits in symbol's quotes. For 5 digits in EURUSD quotes, for example, the value of this parameter should be 10. For 4 digits in EURUSD quotes, the value of this parameter should be 1. For metals and other instruments the value of this parameter must be selected individually for your broker.
ShowInfoPanel - if "true", the information panel will be displayed on the chart of the traded pair.
Panel_Language - language of the information panel.
TextColor - font color of the information panel.

Recommended settings are set by default.

Recommended broker - any.

Minimal recommended deposit - $300 for cent account (30000 cents) and lot 0.1. Account leverage - from 1:400 and higher.

Important! If there are open positions on your trading account, do not interfere with the Expert Advisor! The consequences can be unpredictable!

If you want to test the Expert Advisor in the Strategy Tester, do it only in "Every tick" mode!

For the correct operation of the EA, the currency pair history for the H1 and D1 timeframe should be downloaded to the terminal.

Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.

Once a month it's recommended to check that account history (history of previous trades) is downloaded to MT4 terminal. It's important.

more...

2317

MattyTrading 2024.03.03 00:11 #

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

5174

Babak Alamdar 2020.10.28 06:53 #

The Author is a Genius with no doubt!

797

Joleo Sagdullas 2020.09.23 20:25 #

Good EA strategy producing quick profits. Thanks.

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For opening positions, the EA uses support and resistance levels, that are detected by advanced adaptive algorithm A. A.P.L. D. and a certain correlation of some standard indicators. The algorithm allows to detect dynamic levels of support and resistance, that gives the opportunity to respond quickly to changes of market conditions. The EA is equipped with Autorecovery function, that allows to recover drawdowns of trading account. Minimal recommended deposit: - $2000 for 0.01 lot for standard

175 USD

The fully automated Yellow EA works on short-term trend changes creating the price "corridor" set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes. Version of Yellow Expert Advisor for MetaTrader5 . The strategy is simple, but effective. Presence of a sufficient number of parameters allows trader to customize the advisor in accordance with his trading style. Telegram: https://t.me/realfor

119 USD

The new Forex indicator Turn Indi is an assistant to traders who prefer to trade “manually.” The accuracy of the signals of this indicator reaches 85-90%, which makes it an indispensable tool for intraday trading. Turn Indi finds possible points of change in the market trend by correlating several built-in filters and price movements, and this makes it possible to trade both on the trend and on the corrections of the main movement. This indicator constantly interacts with a trader, instantly rea

69 USD

The Point61 indicator is the result of many years of monitoring of price behavior of currency pairs and metals. It is not a secret, that in times of uncertainty, traders are looking for possible levels of support and resistance - the point, where price should stop its movement. There are 2 possible scenarios at these points: 1. Reverse (correction) to the opposite direction; 2. Breakthrough to continue movement. Very often these points are used to set stop orders - TakeProfit or StopLoss

69 USD

The NEURAL PATTERN robot is a representative of a relatively new trend in the creation of neural network automatic trading systems. Outdated techniques for creating trading algorithms, when the authors manually searched for and fixed patterns of price behavior in the Forex market, are gradually becoming a thing of the past. Therefore, we set the task of fully automating this process. A trading robot must find patterns on its own, evaluate their stability and possibilities for further use. The NE

299 USD

The SD Indicator is a powerful tool in the world of Forex trading, that combines two classical strategies: Support/Resistance levels and Supply/Demand zones. The indicator helps traders to identify potential trading opportunities in the market with high accuracy. Support and resistance levels are key price levels where buying and selling pressure converge, leading to potential price reversals. The SD Indicator identifies these levels in real-time and provides traders with a clear picture of whe

55 USD

Last 2 copies for this price. Next price - $449. Fully automatic trading robot Regal Spear is the result of many years of monitoring the behavior of the market. Analyzing the received data, I came to the conclusion that it is necessary to give all the available information to some automatic system, which will estimate a possibility of market entering at one moment of time or another by itself. The result of this work was the creation of a neural network template that can be launched in various

349 USD

Extended version for MetaTrader5 of famous Yellow Expert Advisor . The fully automated Yellow MT5 Hedge EA works on short-term trend changes creating the price channel set in the parameters. Trading is carried out at the external borders of this channel by opening positions in different directions with different lot sizes. The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high. Presence of a sufficient number of parameters allows

119 USD

299 USD

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349 USD

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2317

MattyTrading 2024.03.03 00:11 #

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

6769

Miguel Jimenez Cordero 2021.04.03 13:19 #

Good job.

271

Satish Kumar Saini 2021.01.17 10:29 #

Not trading on MT4 Account since more than a week installed

55040

Reply from developer Evgeniy Machok 2021.01.17 10:36 #

Yes, sometimes it's possible. That's why the EA has to work on several currency pairs.

785

Lucas_Investment 2020.11.23 18:57 #

User didn't leave any comment to the rating

55040

Reply from developer Evgeniy Machok 2021.01.17 10:33 #

Thanks for your respective opinion.

Arham Sutton 2020.11.12 08:03 #

User didn't leave any comment to the rating

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Babak Alamdar 2020.10.28 06:53 #

The Author is a Genius with no doubt!

Kair Spairol 2020.10.15 15:05 #

User didn't leave any comment to the rating

797

Joleo Sagdullas 2020.09.23 20:25 #

Good EA strategy producing quick profits. Thanks.

2052

Yury Zaikouski 2020.09.15 08:41 #

((((

218

Guo Zhen Wang 2020.08.09 05:42 #

User didn't leave any comment to the rating

Swar.S 2020.07.11 19:21 #

User didn't leave any comment to the rating

524

Fernando F. Souto 2020.05.31 05:39 #

User didn't leave any comment to the rating

9467

Ivan Bebikov 2020.05.13 18:18 #

User didn't leave any comment to the rating

Eduard_09 2020.03.23 00:04 #

User didn't leave any comment to the rating

[Deleted] 2020.01.19 09:10 #

User didn't leave any comment to the rating

107

Trader con experiencia 2020.01.18 19:17 #

User didn't leave any comment to the rating

1482

RDI 2020.01.16 19:19 #

User didn't leave any comment to the rating

232852

Vasiliy Strukov 2019.11.24 19:25 #

User didn't leave any comment to the rating

1867

valhs 2019.11.20 22:26 #

AutoLot = false, Lots = 0.01 - creates e.g. 0.06, sometimes trapped in position battling with sell and buy martingale for weeks - no scalping

ahmed124 2019.11.04 18:12 #

I am just leaving a review for the EA not the strategy. This strategy is known.

It's too much lot to just win pennies. Risk reward is not worth it but the EA is working fine.

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Version 8.5 2021.07.20

The code was optimized.
Full version of the robot got an opportunity of manual trading.

Version 8.4 2020.02.22

QuotesMult parameter was added. It gives an opportunity of trading on metals and CFDs.

Version 8.3 2019.11.07

Parameter SafeMode was added - it turns ON/OFF built in trend filter.
If SafeMode=false, it's recommended to use TrailingStop.

Version 8.2 2019.11.02

1. A lot of restrictions have been removed.
2. Overview has been changed.
3. New video guide.

Version 7.8 2019.09.06

1. Code was optimized.
2. Possibility to select trading time was added.
3. Protection from long-term execution of orders by broker was implemented .

Version 7.7 2018.11.17

Code was optimized for new versions of MT4.

Version 7.6 2018.10.14

Possibility of trading on DJI was added.

Version 7.5 2018.09.29

SafeMode parameter was added.
If SafeMode=false, the EA turns off additional filter and opens trades like version 7.2

Version 7.4 2018.09.24

Code was optimized.

Version 7.3 2018.09.19

New filter for order opening was added.

ATTENTION!
For correct trading you need to download H1 and D1 history to your terminal.

Version 7.2 2018.05.24

Added the ability to trade with other experts at the same time.

Version 7.1 2018.05.04

Second block of strategies is now available (as in paid version of Yellow EA).
ATTENTION! Working timeframe was changed to M5.

Version 6.0 2018.04.18

Fixed MaxPriceCorridor parameter.

Version 4.0 2018.04.06

Added the ability to trade on 4-digit quotes.

Version 3.0 2018.03.20

1. Optimized the code.
2. Added the ability to increase the lot with small multipliers (1.05, 1.1...).

Version 2.0 2018.02.14

Code was optimized for slow servers.